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dYdX vs Exodus

dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
Exodus logo

Exodus

Software

Secure, manage, and swap cryptocurrency

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; Exodus in-app crypto swap rates start at 0.5%, charged on top of any network blockchain fees
  • They diverge on capability: dYdX covers Perpetual Contracts, Exodus covers Multi-chain Wallet.

Where they differ

Only the attributes on which dYdX and Exodus actually diverge.

Attributes where dYdX and Exodus differ
AttributedYdXExodus
PlatformsWebDesktop, Ios, Android, Chrome
Founded20172015

Identical on both: starting price (Free), pricing model (free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in dYdX

  • Perpetual Contracts
  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK
  • Web support

Only in Exodus

  • Multi-chain Wallet
  • Built-in Exchange
  • Staking
  • Portfolio Tracking
  • Web3 Browser
  • Trezor
  • 300+ assets
  • Desktop support

What people use each for

The jobs each tool is most often brought in to do.

dYdX

  • Definot Exodus
  • Dexnot Exodus
  • Derivativesnot Exodus

Exodus

  • Self custody multi-chain crypto wallet with built in swap and buy featuresnot dYdX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

Exodus

  • In-app crypto swap rates start at 0.5%, charged on top of any network blockchain fees

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

Exodus

Free
  • FreeFree
    • Multi-chain wallet
    • Built-in exchange
    • Staking

Which should you pick?

Choose dYdX if

  • You need perpetual contracts.
  • You want to start without paying.
  • You also want cross margin.
dYdX review

Choose Exodus if

  • You need multi-chain wallet.
  • You want to start without paying.
  • You work on Desktop, Ios, Android, Chrome.
  • You also want built-in exchange.
Exodus review

Questions people ask

Is dYdX or Exodus better?
Neither clearly leads. dYdX starts at Free and Exodus at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or Exodus?
dYdX starts at Free and Exodus at Free.
Does dYdX or Exodus run on more platforms?
dYdX runs on Web. Exodus runs on Desktop, Ios, Android, Chrome.
Can I use dYdX for free?
Both have a free tier, so you can try either at no cost before committing.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, defi and dex are not what Exodus is typically brought in for.
What can dYdX do that Exodus cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. Exodus covers Multi-chain Wallet, Built-in Exchange, Staking, Portfolio Tracking.

Answered from the vendors’ own pages

dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

Source
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

Source
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

Source
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Related pages

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